Index.php

From Polychromatic

Revision as of 09:26, 28 March 2013 (edit) 173.237.181.15 (Talk) ← Previous diff		Current revision as of 05:16, 9 December 2017 (edit) (undo) 36.37.223.228 (Talk)
(3664 intermediate revisions not shown)
Line 1:		Line 1:
-	Whenever any buyer invests in land he has different concerns in mind: whether or not I will my title cleared? Is this land disputed? Am I becoming a element of any fraudulent activity? and other people...	+	What Is a Transaction Coordinator?
-	There have been London Land Scams, Kent Land Scams and Sussex Land Scams in the past but land scams are no far more typical than other varieties of real estate fraud. Where there is cash to be created fleecing the greedy, the ignorant, or the just plain lazy, con males are certain to comply with.	+	A Transaction Coordinator is a person who takes responsibility for managing the deadlines and tasks of a real estate contract to closing. Some of the duties include:
-	This is not what is typically meant by land fraud. Right here are some true examples:	+	1. Responsible for processing of all contracts through closing.
-	- Selling worthless land, in other words land with out improvement possible, and claiming it has fantastic worth, the classic becoming land underwater but also land on the sides of cliff faces, under bridge abutments, and in the medians of highways.	+	2. Coordinating appointments for inspections, appraisals, and closing.
-	- Promising land buyers improvement amenities like golf courses, community centers, and tennis courts that will never be constructed.	+	3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.
-	- Promising land purchasers subdivision improvements like sewers, street lights, sidewalks, even roads realizing none will ever be built.	+	4. Responsible for proper documentation of the file to comply with brokerage policies.
-	- Producing false representations to purchasers about the worth of their land, particularly claiming that lots purchased these days will skyrocket in worth.	+	5. Assures that all post-closing disbursements, filing, and procedures take place.
-	- Vague descriptions on deeds which permit the land promoter to sell the identical land to several purchasers at the same time.	+	6. Frees the agent client up to focus on business building activities.
-	- Illegal or unapproved subdivisions, specifically exactly where land has not been effectively platted and permits granted.	+	In many offices across the country, there are transaction coordinators on staff who are shared among the office. While this approach seems practical or beneficial on the surface because the coordinator is in house and can be accessed by stopping by her/his desk. It's not always the best or most effective approach when explored further. There are many reasons for that, a few are outlined here:
-	- Promoting land where clear title cannot be transferred, for example, selling land you never own and masquerading as the genuine owner by means of the use of forged documents and fake IDs.	+	a. The transaction coordinator is paid by the office and has a job, which is not always exclusively coordinating transactions. Meaning, they could get pulled away from their job to help the other departments such as receptionist, listing coordinating or what have you. This means they aren't working on your transactions.
-	- Reserving mineral, water, and other land rights without having disclosing this crucial fact to purchasers at the time of sale.	+	b. Interruptions! The facts are clear, it can take more than 20 minutes to get back on task after an interruption. That said, imagine how inefficient it can be if agents are walking in and out of the transactioncoordinators office all day long.
-		+
-	- Using high pressure and unscrupulous techniques to sell land, specially misrepresenting a buyer's legal rights to cancel an agreed upon sale.	+
-		+
-	- Selling land of marginal value for excessive prices, specially by means of the use of effortless credit terms ($5 down, $50 a month).	+
-		+
-	- Promoting land where defects such as environmental contamination are identified but not disclosed or failing to inform purchasers material facts which would in the end diminish the sale value of the land. [ Diigo - Groups]	+

---

Current revision as of 05:16, 9 December 2017

What Is a Transaction Coordinator?

A Transaction Coordinator is a person who takes responsibility for managing the deadlines and tasks of a real estate contract to closing. Some of the duties include:

1. Responsible for processing of all contracts through closing.

2. Coordinating appointments for inspections, appraisals, and closing.

3. Effectively communicates with clients, customers, other agents, lenders, title agents and other service providers throughout the process.

4. Responsible for proper documentation of the file to comply with brokerage policies.

5. Assures that all post-closing disbursements, filing, and procedures take place.

6. Frees the agent client up to focus on business building activities.

In many offices across the country, there are transaction coordinators on staff who are shared among the office. While this approach seems practical or beneficial on the surface because the coordinator is in house and can be accessed by stopping by her/his desk. It's not always the best or most effective approach when explored further. There are many reasons for that, a few are outlined here:

a. The transaction coordinator is paid by the office and has a job, which is not always exclusively coordinating transactions. Meaning, they could get pulled away from their job to help the other departments such as receptionist, listing coordinating or what have you. This means they aren't working on your transactions.

b. Interruptions! The facts are clear, it can take more than 20 minutes to get back on task after an interruption. That said, imagine how inefficient it can be if agents are walking in and out of the transactioncoordinators office all day long.